Forecasting the socio-economic development of the municipality: The budgetary aspect

Abstract

The article considers the issues associated with the formation of a forecast for the socio-economic development of a municipality in the context of budgetary resources. The relevance of the study is due to the variety of theoretical and practical approaches to forecasting the socio-economic development of municipalities, which are used in the activities of local governments with different degrees of effectiveness, which has a negative impact on strategic planning at the municipal level as a whole. The purpose of the study is to develop an integrated approach to the formation of a forecast for a socio-economic development of a municipality with emphasis on the budgetary sphere. The research methodology is based on the use of complex and statistical analysis, methods of economic and mathematical modeling. Approbation was carried out on the example of the municipality “City of Kirov”. Conceptual scheme for construction of economic and mathematical model of a municipal formation is substantiated and proposed, and also allow to form a forecast of socioeconomic development of a municipality for long-term period, in which factors are identified and influence on the local budget parameters. To build an economic and mathematical model, a municipal statistical base for the city of Kirov was formed for a twenty-year period. On the basis of the collected statistical series, balance ratios and factor dependencies of the model parameters were identified and formalized in accordance with the logic of the relationship of indicators within the model of the socio-economic system of the municipal level by constructing a system of econometric equations and conducting a correlation-regression analysis. On the basis of the constructed economic and mathematical model, a scenario forecast was implemented and estimates of changes in the budget parameters of the city of Kirov for the period up to 2035 were obtained. It is concluded that the approach developed by the authors to the formation of the forecast for a socio-economic development at the municipal level is universal for various types of municipalities in the Russian Federation and can be applied as for municipal socio-economic system as a whole and for its individual subsystems and spheres.